DAVANTI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DAVANTI
Largest movements
- Cash -€7,702
down €7,702 (-96.8%), from €7,958 to €257
mainly Net result for the year (-€15,212) and Trade debts (-€2,722)
- Tangible fixed assets -€2,593
down €2,593 (-5.8%), from €44,564 to €41,971
- Receivables within one year -€1,619
no longer reported in 2025 (was €1,619)
of which Other amounts receivable: -€1,450
- Profit (loss) carried forward -€15,212
down €15,212 (-50.6%), from -€30,057 to -€45,269
- Other debts +€5,844
new in 2025: €5,844
- Trade debts -€2,722
down €2,722 (-35.3%), from €7,713 to €4,991
- Gross operating margin -€12,874
down €12,874, from €1,189 to -€11,685
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,318 | €42,228 | -€12,089 | -22.3% |
| Fixed assets | 21/28 | €44,564 | €41,971 | -€2,593 | -5.8% |
| Tangible fixed assets | 22/27 | €44,564 | €41,971 | -€2,593 | -5.8% |
| Land and buildings | 22 | €44,564 | €41,971 | -€2,593 | -5.8% |
| Current assets | 29/58 | €9,754 | €257 | -€9,497 | -97.4% |
| Amounts receivable within one year | 40/41 | €1,619 | - | -€1,619 | |
| Trade receivables | 40 | €168 | - | -€168 | |
| Other amounts receivable | 41 | €1,450 | - | -€1,450 | |
| Cash at bank and in hand | 54/58 | €7,958 | €257 | -€7,702 | -96.8% |
| Deferred charges and accrued income | 490/1 | €176 | - | -€176 | |
| Total equity and liabilities | 10/49 | €54,318 | €42,228 | -€12,089 | -22.3% |
| Equity | 10/15 | €46,604 | €31,392 | -€15,212 | -32.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €19,212 | €19,212 | = | 0.0% |
| Reserves | 13 | €26,463 | €26,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €23,364 | €23,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,057 | -€45,269 | -€15,212 | -50.6% |
| Amounts payable | 17/49 | €7,713 | €10,836 | +€3,122 | +40.5% |
| Amounts payable within one year | 42/48 | €7,713 | €10,836 | +€3,122 | +40.5% |
| Trade debts | 44 | €7,713 | €4,991 | -€2,722 | -35.3% |
| Suppliers | 440/4 | €7,713 | €4,991 | -€2,722 | -35.3% |
| Other amounts payable | 47/48 | - | €5,844 | +€5,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | €2,593 | -€0 | 0.0% |
| Other operating charges | 640/8 | €830 | €859 | +€30 | +3.6% |
| Gross operating margin | 9900 | €1,189 | -€11,685 | -€12,874 | |
| Operating profit (loss) | 9901 | -€2,233 | -€15,137 | -€12,904 | -578% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.8% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,307 | -€15,212 | -€12,905 | -559% |
| Income taxes | 67/77 | €22 | - | -€22 | |
| Profit (loss) for the period | 9904 | -€2,329 | -€15,212 | -€12,883 | -553% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,329 | -€15,212 | -€12,883 | -553% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.